Stocks in Focus on Nov 29: Paytm, Coal India, Hero Motocorp & More

  • Stock Market News
Stocks in Focus on Nov 29: Paytm, Coal India, Hero Motocorp & More
Credit: © Reuters.

By Malvika Gurung -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , was found trading marginally higher at 0.55% at 9:10 am on Monday, indicating a flat to positive opening at Dalal Street today, while the Dow Jones futures was up 0.71%.

One 97 Communications Ltd (NS: PAYT ) (Paytm): The fintech major has reported a consolidated net loss of 8.1% YoY at Rs 472.9 crore for the September-ending quarter, majorly due to a rise in payment processing charges. Its net revenue increased 63.6% YoY to Rs 1,086.4 crore.

Coal India (NS: COAL ): From April-October 2021, the state-owned miner dispatched 291.72 million tonnes to the power sector, an increase of 22.7% YoY.

IndusInd Bank (NS: INBK ): The promoter of the private lender, IndusInd International Holding Ltd is preparing over $1 billion after RBI allowed bank promoters to raise ownership to 26% of total equity last week.

Hero Motocorp (NS: HROM ): Rajnish Kumar has been appointed as an Additional and Independent Director at the company, while Vasudha Dinodia, as an Additional and Non-Executive Director.

Voltas (NS: VOLT ): The AC maker is planning to partner with an international company to set up a compressor manufacturing unit, and is ready to invest Rs 500 crores for it. Reports of the Tata Group allegedly planning to invest in a JV are also doing the rounds.

Aro Granite Industries Ltd (NS: AROG ): Lodha Chanchal Devi purchased 1 lakh equity shares in the company for Rs 78.45 apiece on the NSE.

Tarsons Products: Pacific Assets Trust PLC and First Sentier Investors ICVC SI Indian Subcontinent Sustainability Fund acquired a total of 14.31 lakh equity shares in the company for Rs 751.8 apiece on the NSE.

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